Ola Electric, India’s leading manufacturer of EVs, today announced it has raised over $200 million from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and others. The latest round values the company at $5 billion. Over the last 12 months, Ola Electric has built the Futurefactory, the world’s largest 2W manufacturing facility, Ola S1 – the best scooter ever made and[Read More…]
Delphi Automotive recently sold its one millionth electronically scanning radar (ESR) globally – a key milestone as car makers meet growing customer demand for new technologies that improve safety. Since its debut in 2009, Delphi’s ESR set the standard for long range automotive radar sensors. Key features were introduced in this radar, including multi-mode operation, digital beam forming, and a[Read More…]
A total of 3.07 (January-June 2013: 2.95) million vehicles were handed over to customers worldwide, representing an increase of 3.8%. Volkswagen Passenger Cars delivered 514,900 (June 2013: 509,200; +1.1%) models in the month of June. “Developments at Volkswagen Passenger Cars in the first half year were stable thanks to the brand’s convincing model range. The Golf in particular continues to[Read More…]
